Syntax Stratified LargeCap ETF
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.4%
1 yr return
28.1%
3 Yr Avg Return
6.5%
5 Yr Avg Return
12.4%
Net Assets
$94.4 M
Holdings in Top 10
7.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SSPY - Profile
Distributions
- YTD Total Return 12.4%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 12.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameSyntax Stratified LargeCap ETF
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Fund Family NameN/A
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Inception DateJan 01, 2015
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Shares OutstandingN/A
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Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
Fund Description
The Fund seeks the performance of the Index. The Fund employs a replication strategy, which means that the Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. The Index, which was created by Syntax, LLC (“Syntax” or the “Index Provider”), an affiliate of the Adviser, is the Stratified WeightTM version, as described below, of the S&P 500 Index and consists of the same constituents as the S&P 500 Index. The Index may include some small, mid and large capitalization companies. Under normal market conditions, the Fund invests substantially all, and at least 95% of its total assets in the securities comprising the Index. From time to time the Fund may invest in and hold securities that are not included in the Index when the Adviser believes such securities will help the Fund to achieve its investment objective. The Adviser also may determine to not apply the Stratified-Weight™ weighting methodology to certain of the Fund’s holdings when it believes doing so is in the best interest of the Fund.
Syntax’s Stratified-Weight™ is the weighting methodology by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of an index’s constituent companies that share “Related Business Risks.” Related Business Risk occurs when two or more companies provide similar products and/or services or share economic relationships such as having common suppliers, customers or competitors. The process of identifying, grouping, and diversifying holdings across Related Business Risk groups within an index is called stratification, and was designed to correct for business risk concentrations that regularly occur in capitalization-weighted indices and equal-weighted indices. Capitalization weighting can cause an investor’s ownership to accumulate in the largest, most momentum-driven companies and industries, while equal weighting is intended to permit an investor’s ownership to accumulate in the industries that have the most company representatives in the index. Instead of concentrating investment exposure in the largest companies or the most represented industries, Syntax diversifies (or stratifies) index weight across a fixed number of business risk groups in a manner designed to provide a diversified exposure to all of the business opportunities of an index. The Related Business Risk groups are: Consumer Products & Services; Energy; Financials; Food; Industrials; Information; Information Tools; and Healthcare.
Under normal market conditions, the Index rebalances quarterly, on the third Friday of each quarter-ending month, and will typically include 500 components allocated across the above-described Related Business Risk groups. The Index is reconstituted at the time the S&P 500 Index does the same, which is conducted on an ongoing basis. The market capitalization of companies in the S&P 500 Index as of December 31, 2023 was between $4.9 billion and $2.9 trillion. The assets in the Fund are managed by Vantage Consulting Group (the “Sub-Adviser”).
Please see the Additional Strategies Information section of the Prospectus for more information on the Syntax Stratified Weight methodology.
SSPY - Performance
Return Ranking - Trailing
Period | SSPY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | N/A | N/A | N/A |
1 Yr | 28.1% | N/A | N/A | N/A |
3 Yr | 6.5%* | N/A | N/A | N/A |
5 Yr | 12.4%* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | SSPY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.7% | N/A | N/A | N/A |
2022 | -10.7% | N/A | N/A | N/A |
2021 | 27.4% | N/A | N/A | N/A |
2020 | 10.4% | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | SSPY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | N/A | N/A | N/A |
1 Yr | 28.1% | N/A | N/A | N/A |
3 Yr | 6.5%* | N/A | N/A | N/A |
5 Yr | 12.4%* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SSPY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.7% | N/A | N/A | N/A |
2022 | -9.2% | N/A | N/A | N/A |
2021 | 28.8% | N/A | N/A | N/A |
2020 | 12.2% | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
SSPY - Holdings
Concentration Analysis
SSPY | Category Low | Category High | SSPY % Rank | |
---|---|---|---|---|
Net Assets | 94.4 M | N/A | N/A | N/A |
Number of Holdings | 503 | N/A | N/A | N/A |
Net Assets in Top 10 | 7.32 M | N/A | N/A | N/A |
Weighting of Top 10 | 7.79% | N/A | N/A | N/A |
Top 10 Holdings
- Exxon Mobil Corp 0.82%
- Chevron Corp 0.79%
- TJX Cos Inc/The 0.79%
- Walmart Inc 0.78%
- Sysco Corp 0.78%
- Synchrony Financial 0.78%
- Ross Stores Inc 0.77%
- Kroger Co/The 0.77%
- Costco Wholesale Corp 0.77%
- Discover Financial Services 0.74%
Asset Allocation
Weighting | Return Low | Return High | SSPY % Rank | |
---|---|---|---|---|
Stocks | 99.77% | N/A | N/A | N/A |
Cash | 0.23% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | SSPY % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SSPY % Rank | |
---|---|---|---|---|
US | 99.77% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
SSPY - Expenses
Operational Fees
SSPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | N/A | N/A | N/A |
Management Fee | 0.45% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
SSPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
SSPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SSPY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
SSPY - Distributions
Dividend Yield Analysis
SSPY | Category Low | Category High | SSPY % Rank | |
---|---|---|---|---|
Dividend Yield | 1.56% | N/A | N/A | N/A |
Dividend Distribution Analysis
SSPY | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual |
Net Income Ratio Analysis
SSPY | Category Low | Category High | SSPY % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
SSPY | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $1.249 | OrdinaryDividend |
Dec 19, 2022 | $1.077 | OrdinaryDividend |
Dec 20, 2021 | $0.780 | OrdinaryDividend |
Dec 21, 2020 | $0.819 | OrdinaryDividend |
Dec 21, 2020 | $0.093 | CapitalGainShortTerm |
Dec 23, 2019 | $0.788 | OrdinaryDividend |